Seems like this mid day correction could use a developing 4th and 5th wave..... I think this is part of an ABC correction of our downward trend... so after this mabye a move down to 136.7 on the SPY then a move back up...... that is all random speculation..... I'm just saying some kind of correction seems ok but we could have a developing 200+ downside day. love to see a 300
Financial history doesn't repeat itself, but it often rhymes. You can't be stupid enough to trade off anything I say.... I'm lucky they let me out of the straight-jacket long enough to trade.
J. P. Morgan
Thursday, February 28, 2008
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